Land financing / build in 1 year. Financing model?

That doesn't sound bad at all. Thanks for the tips so far! I have a follow-up question, also : What would be more appropriate regarding our equity and our current savings rate of €1,500? (with a land installment of ~€300, accordingly only €1,200 left) - Equity into the land purchase - Use the savings rate for variable financing every 3 months as a "special repayment" - Use the savings rate to increase the equity for the house financing Or maybe a mix?

So my understanding: Loan-to-value ratio is... Property costs €100k and you include €40k as equity in the financing. €60k would then be the loan, so 60%.

The interest adjustment date is every six months.

Equity was 40% for us, hence the information. I don't really think it's the broker's fault, but if you want, I can give you the mobile number. Was always reachable via WhatsApp.

Ok, then it will probably be due to the equity. We don't have 40% and all the calculations so far were based on 100% financing

Existing equity into the property (remember, [Grunderwerbsteuer] and [Notar] and [Grundbuch] must be paid in cash). Brings lower interest burden and better conditions. Then I would save money for the change of the mortgage and buffer for the construction phase. The rest can be optionally added as a special repayment. The property counts as equity.

A lot has already been said, which is not wrong.

Your 20,000 EUR will ultimately go towards incidental purchase costs and other things like furniture, kitchen, and extras.

If I start from the 330 (which have basically been offered to you) and then subtract 65 for the land and another roughly 40, which is tight, for incidental purchase costs (calculated including outdoor facilities, better with 60), then 205-225 remain for the house. Without carport or garage.

That amounts to 1,500 EUR/sqm.

With all due respect... that's going to be a very tight matter.

That's exactly how I did it , with a small addition. Don't forget that you need to stay liquid until before the actual home financing. For building permits, another land registry and notary, etc.